World · 11 hours ago

IMF tells rich countries to cut debt as borrowing costs rise

The IMF's head warned advanced economies like the UK and US need to reduce debt as global shocks push up interest costs. Kristalina Georgieva said governments have taken "no action to contain that service cost" and now need political "courage" to act. The UK's August borrowing reached £18.3bn, a figure nearly 20% above the previous year's total.

By BriefTea Editorial · 23 September 2026 at 6:42

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